LPL Financial LLC Decreases Position in ProShares Ultra S&P500 (NYSEARCA:SSO)

LPL Financial LLC reduced its holdings in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,843 shares of the real estate investment trust’s stock after selling 2,166 shares during the period. LPL Financial LLC’s holdings in ProShares Ultra S&P500 were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in shares of ProShares Ultra S&P500 in the 4th quarter valued at approximately $56,000. Abound Wealth Management grew its holdings in shares of ProShares Ultra S&P500 by 46.7% during the fourth quarter. Abound Wealth Management now owns 782 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 249 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of ProShares Ultra S&P500 in the 3rd quarter valued at $145,000. Eastern Bank raised its stake in ProShares Ultra S&P500 by 117.5% in the 4th quarter. Eastern Bank now owns 1,955 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 1,056 shares during the last quarter. Finally, Gries Financial LLC acquired a new stake in ProShares Ultra S&P500 during the 4th quarter worth about $202,000.

ProShares Ultra S&P500 Stock Performance

Shares of SSO stock opened at $68.44 on Tuesday. ProShares Ultra S&P500 has a fifty-two week low of $60.84 and a fifty-two week high of $100.29. The firm has a market capitalization of $4.11 billion, a PE ratio of 21.58 and a beta of 2.02. The stock’s 50-day simple moving average is $83.86 and its 200-day simple moving average is $91.08.

About ProShares Ultra S&P500

ProShares Ultra S&P500 (the Fund), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by the S&P U.S.